Airbus sees average annual growth above 5 percent


Revenue at Airbus, the maker of the world’s largest airliner, should grow by more than 5 percent over the next five years on a comparable basis, Finance Director Hans Peter Ring was due to say at a presentation.

Airbus’s forecast assumes stable currency exchange rates and favourable macro-economic conditions, according to slides of the presentation.

Airbus, part of aerospace group EADS, expects to deliver two A380 superjumbos per month next year and about 3 a month some time in 2012 compared with 20 deliveries it still expects for this year, reports Reuters.

The A380, the world’s largest passenger aircraft, has been hit by safety concerns after a Rolls-Royce (RR.L) engine partly disintegrated mid-flight, forcing a fully laden Qantas plane to make an emergency landing on November 4.

Rolls-Royce has asked Airbus to return some Airbus A380 engines from production lines so it can use them to replace faulty ones on airplanes already in service.

The move could be another blow to a much-delayed A380 programme as Airbus is scheduled to deliver over a dozen Rolls-Royce-powered A380s — primarily to Singapore Airlines, Qantas and Lufthansa by the end of next year.

Airbus is hosting the last of a two-day “Global Investor Forum” at its headquarters in Toulouse.

Separately, Taiwan’s TransAsia Airways 6702.TWO ordered two widebody A330-300s and six single aisle A321s, Airbus said in a statement. The aircraft will mainly be used on direct services between Taiwan and mainland China and on new regional routes.